Hi Everyone, as you can see from the graphic the market was increasing, but now it start to fall, it is recommended to sell RY now.
This stock is a longterm hold (years) always trends up, good dividend stock, it's looking for a higher breakout for all time highs. Also check out XFN for Canadian bank etf. Financials will see higher prices.
Low risk short; stop placed at 2.3%. Looking for 10% upside exit. Strength divergence and bearish price action.
$RY traded within its projected PEAD cone after a Positive over reaction following its earning release, trading well within the parameters of the projected cone If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
My thoughts on the next couple months for this stock. Entry between 1/12-1/27. Exit Feb 12-21
$RY posted its earnings with a positive over reaction following its release with the PEAD projecting a bullish outlook, Placing the stock in Drift B If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Head and Shoulder Pros: Descending volume during formation PPS below 50MA R/R ratio above 7 ATR flat RS flat and below 0 250RSI below 50 200MA descending Cons: PPS still above 200MA, but barely If confirmed: PT = 60.68$
Technical analysis of RY. Let me know what do you think in the comment section below.
A quick look at the RY technical levels. Is it the best time to buy? Or the move is over and it's time to sell?
Economy is heading north so buy some banks and it might take time in years but 200 should be a target in the next 5 years
Information Position: Long Size: 1 Price: 95.69
It Will rise I Advais You To keep it in the portfolio or double your investment .
Hello Traders, Here is a short video and follow up on the previous video about RY. Be safe while trading. Let me know what do you think in the comments.
See the trendline if we can bounced from here and green day tmr to confirm. Risk to reward trade is 1:2 should target at least the gap fill in short term.